Sole agent Wetherell is launching what are being billed as “London’s ultimate student pads” in the form of five newly refurbished and interior designed two bedroom apartments and a spectacular three bedroom triplex residence.
The apartments are located in Fountain House on Park Lane in Mayfair, overlooking Hyde Park. They are available for immediate occupation priced from £2,250 per week.
Wetherell highlight that the new Fountain House apartments provide perfect luxury-lets for wealthy overseas students seeking a home in Mayfair. Already, 80 per cent of the enquiries for the six Park Lane pads have come from international students and one has just been let to a 19 year old fashion design student from North America.
Put aside your preconceptions of impoverished students and squalid damp digs and read on.
Wetherell highlight that students living in Mayfair are a world away from everyday UK students living in normal digs. Instead, some wealthy overseas students in Mayfair from the Middle East, North America, Asia and Africa can afford to pay over £2,000 per week for luxurious apartments in Mayfair. These students can rival City workers and advertising directors (the other obvious tenants for these luxury pads) and have generous six-figure allowances which enable them to shop on Bond Street, eat at Scotts on Mount Street and enjoy nightlife in elite venues such as Annabels, 5 Hertford Street and Whiskey Mist.
Figures from the Government’s Higher Education Statistics Agency (HESA) reveal that there are some 107,000 international students studying in London, 40,000 from continental Europe and 67,000 from the rest of the world. They spend £1.32 billion pa on tuition fees; £1.36 billion pa on accommodation and subsistence (£600 million on private lets or halls of residence costs) and £121 million through family visiting them in London. By country of origin, the largest group of international students come from China (18 per cent of all foreign students in the capital), followed by students from the USA (9 per cent), India (7 per cent), Hong Kong (5 per cent), Malaysia (4 per cent) and Nigeria (4 per cent). Other significant foreign student nationalities are from Saudi Arabia, Singapore, Pakistan, Canada and the United Arab Emirates.
With its main entrance on Park Street, Fountain House is a grand nine storey apartment building, originally built in 1935-8 under the auspices of legendry architect Sir Giles Gilbert Scott with detailed design by George Val Myer & F J Watson-Hart. The building takes its name from its adjacent proximity to Hyde Park’s famous ‘Joy of Life’ Fountain, a circular water fountain decorated with bronze sculptures, designed by Thomas Bayliss Huxley-Jones.
Within Fountain House developer Criterion Capital has undertaken a complete refurbishment and interior design in a series of apartments in order to create six luxurious homes ranging from 1,600 sqft to over 2,000 sqft in size. With a brand new specification and interiors, the apartments are dressed by Alexander James Interior Design whose portfolio includes Sunseeker yachts, grand country houses and luxury London homes.
Each of the two bedroom apartments has a spacious living / dining area with woodstrip flooring and mood lighting. The open plan kitchen/breakfast room has a fully fitted designer kitchen with fitted grey units, stone worktops, frosted glass splashbacks and integrated Miele appliances. Some of the apartments have Juliet balconies or terraces, and some offer views over Hyde Park. The master bedroom suites have deep carpets, a walk-in dressing room and stone floored and tiled master bathroom with twin basin, marble vanity tops, freestanding bathtub and walk-in double shower. The second bedroom suite also benefits from a dressing area and stone lined ensuite bathroom. The triplex apartment provides three bedrooms with a bespoke glass central staircase and spacious entertaining rooms.
Fountain House has lift and stairwell access and is complete with a grand pillared main entrance foyer with 16ft high ceiling, manned hotel-style concierge desk and cosy seating areas for arriving guests. The building has 24-hour porter and CCTV security.
Peter Wetherell, Chief Executive of Wetherell says:
“These newly refurbished apartments provide the perfect turn-key luxury-let and are available for immediate occupation. They would be perfect for a wealthy student, or are ideal for a City stockbroker, successful lawyer or couple wanting a London home. This is part of Mayfair’s residential revival, these properties are reverting back after decades of use as offices.”